Vodacom Tanzania Profit Nearly Triples
Vodacom Tanzania's net profit nearly tripled in six months to US$44 million, helped by lower depreciation, while M-Pesa revenue rose 26.2%. The post Vodacom Tanzania Profit Nearly Triples appeared first on The Rio Times .
Vodacom Tanzania's profit nearly tripled in the six months to September 2026, thanks to a fast-growing mobile-money business. The company's operating profit more than doubled, driven by lower depreciation after last year's network costs. Net profit after tax reached 117.8 billion shillings, a 182.7% increase from 41.7 billion shillings a year earlier.
Revenue grew 19% to 1.08 trillion shillings, with service revenue rising 20.8%. EBITDA rose 33% to 425.8 billion shillings, and mobile money revenue, M-Pesa, grew 26.2% to 443.3 billion shillings. The company spent 246 billion shillings on capital projects, mainly to upgrade its radio network and expand 4G and 5G coverage. Net debt increased 43.7% to 609.3 billion shillings, or 1.4 times EBITDA.
Written by urgent.news from The Rio Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
